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« Gold is Overvalued: Paul van Eeden | Main | Hard Assets Alliance on Korelin Economics Report »

This Catastrophic Situation Is Entering The Terminal Phase

Today John Embry spoke with King World News about the continued turmoil in gold and silver and what the central planners and China are up to as the gold war continues to rage.  Below is what Embry, who is chief investment strategist at Sprott Asset Management, had to say in his tremendous interview: 

Embry: “The violent takedown in gold and silver in April is still reverberating around the markets.  Underneath today’s smash in the metals, physical demand is asserting itself and I think we have a limited shelf life for the paper control of this market.

I firmly believe that in the end the paper gold market will be seen as one of the greatest Ponzi schemes of any era, and it will end very badly for anyone on the wrong side of the trade.  But I’m more focused on the fact that downside in gold and silver is extremely limited and the upside is staggering....

To read this interview in full please click here.

With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

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